What do you do when your shares more than double?

plarka

Buy more? Take some out and put them somewhere else? Leave them and stop thinking about it?

HSBC All Share Index Tracker Fund. I put some money in 3 months ago and it has more than doubled.

Masomnia

Are you sure you've done your sums right?

Lokolo

Masomnia wrote: »

Are you sure you've done your sums right?

My thoughts also.

plarka

Well I put in £670 and now it's at £1500 something. Hmmmm, maybe I put in more and forgot and am only counting that first amount? I really don't think so, I think I only put that first amount in.

withabix

Performance chart:

http://www.bloomberg.com/quote/HSBUKFI:LN

At best it has gained 7.4% since late July, it's most recent trough.

srcandas

plarka wrote: »

Well I put in £670 and now it's at £1500 something. Hmmmm, maybe I put in more and forgot and am only counting that first amount? I really don't think so, I think I only put that first amount in.

According to Trustnet it has made 5.15% in the last 3 months. That's a very good return. Hang on in there.

But do try and keep accurate records especially if these are outside an ISA. You may have to do a tax declaration.

:beer:

plarka

I'm so confused. I'm looking in my bank account where I transfer the money from, and into the shares, and can only see the one amount. I don't remember doing it again, and don't see it there either.

It's an ISA.

Confused! And feel a bit dumb!

plarka

Ahem, well, it turns out I did put in more money! But still, what do you do when it goes up? Always leave it there still?

kidmugsy

You ask yourself "If I didn't already own these shares would I buy them now?" If your answer is "yes", keep 'em. If "no", sell 'em. If "maybes", sell half.

atush

When I have a share that doubles, I sell half and keep half invested. I use the money for another investment usually but sometimes I transfer it out for something special/needed but rarely. A profit isn't really a profit until it is crystallized.

A few times after I have done this a share has doubled again, so I sell half again. When one has done this well I tend to keep what's left and hold for decades ;-)

gozomark

other than for tax purposes (or portfolio rebalancing), what its done is irrelevant - its what you expect it to do in the future that matters